ObamaCare's Glaring Weakness: Reliance On Young To Finance It

A sluggish economy has kept young Americans unemployed and underemployed as our nation's high school and college graduates find they have inadequate skills for a dynamic and increasingly global economy.

And it's no secret that the enrollment rate for ObamaCare has been disappointing: Of a projected 35 million enrollees, only 16.2 million have actually enrolled.

The White House knows the president's health spending law is untenable unless 40% of the enrollees are between the ages of 18 and 34, because this age group is significantly healthier than all other age groups. This age group now comprises a mere 24%, meaning the Affordable Care Act is increasingly making the nation's health care increasingly "unaffordable."

More and more, it seems President Obama and congressional Democrats are hinging the viability of ObamaCare on the unemployable subsidizing the uninsurable.

It would appear that the president and his advisors don't actually understand what insurance is and how it actually works.

Because nobody knows if they're going to get sick over the course of the next month, nobody truly knows how much they will have to pay for health care over the next month. If we buy insurance that fully covers our health care, though, we will know exactly how much money we will spend each and every month.

Insurance premiums are collected by the insurance companies in the form of a monthly bill, and that money is then pooled to form a sort of savings account that the people buying insurance can withdraw money from.

Read the rest of this IBD op-ed HERE.

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